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Europe Daily Bulletin No. 9756

8 October 2008
GENERAL NEWS / (eu) eu/ecofin council
Agreement on raising European minimum savings deposit guarantee threshold from €20,000 to €50,000

Brussels, 07/10/2008 (Agence Europe) - Given the crisis that is unsettling financial stability in the world, European finance ministers are doing everything they can to reassure financial institutions and European citizens. In order to protect savers, Ecofin Council President Christine Lagarde said on Tuesday 7 October that they had “decided to raise to €50,000” the minimum deposit guarantee in the event of collapse of a banking institution in the knowledge that “many member states...

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